This analysis of the economic recovery of households in the Philippines badly affected by typhoon Haiyan (Yolanda) explores how microfinance can improve its role before and after such disasters hit.

Microfinance is now an embedded feature of almost all low and middle income countries inextricably linked to the development of local markets and economies. These countries are often the most exposed to extreme climate events.

The report sets out the experience, analysis and conclusions of VisionFund International and their Philippine microfinance operation Community Economic Ventures Incorporated (CEVI). This analysis follows the economic recovery of over 4,000 client households badly affected by typhoon Haiyan over the 18 months following the calamity and seeks to derive recommendations for future financial disaster risk management solutions. The work was funded by the Integrated Disaster Risk Management Fund of the Asian Development Bank with financial support from the Government of Canada.

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The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.